Tim Bradford   
Lending Specialist   
216-324-8113   

Articles and Information from Tim Bradford
American Midwest Mortgage


Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.



Sat, Dec 06, 08
Paying Points on your Mortgage - Current Market Conditions say it might be wise

If you see a Seller or Realtor offering to save you .50% off your interest rate if you buy a home, here is why you are seeing this happening.  An offer of a .50% Lower Rate might cause you to take a second look at the home and is an excellent marketing move on their part.   Below is why this is a Win-Win for the Seller and Buyer.

Years ago it was quite common to pay 1, 2 or 3 points when you took out a mortgage loan.    Over the recent years it is quite common not to pay any points.   With the current mortgage enviroment before you finalize your mortgage application, you may want to consider paying a point or two in order to lower the rate on your loan. 

What is a point?   Points are quoted as a percentage of the amount borrowed, therefore if you were to pay 1 Point on a $100,000 loan you would increase your closing costs by $1,000.  Up until recently you could only expect to get a .25% reduction in the rate you were paying on your loan for every point that you paid.  In the current mortgage market it is possible at times to get a .50% reduction to your rate with the payment of the same 1 Point. 

The following Chart does some math to show in monitary terms the effects of paying one point using the current pricing and what it was years ago.   The chart show how things have changed.  Information presented was based upon pricing as of 12/4/2008.  Be aware that loan options are subject to change at any time. 

 

Loan $

Rate

Payment

Cost

Savings

Months to

Years to

 

 

 

 

 

Per Month

Break Even

Break Even

Base

$100,000.

5.50%

$567.79

N/A

N/A

N/A

N/A

 

 

 

 

 

 

 

 

New
Standard

$101,000.

5.00%

$542.19

$1,000.

$25.60

39.1

3.3

 

 

 

 

 

 

 

 

Old Standard

$101,000.

5.25%

$557.73

$1,000.

$10.06

99.4

8.3

In this example the loan was available at 5.50% with no points.  On this date, if the buyer choose to pay 1 point, either by decreasing their down payment or having the seller pay the point for them by offering the seller $1,000 more, the buyer could save $25.60 per month and the break even for the payment of that point would be approx 39 Months.   Using the options available a year ago, the buyer would have only saved $10.06 Per month and it would have taken approx 99 months to break even on the payment of the same 1 Point.   Considering the fact that in the past people only had their mortgage for approx 7 years (84 Months), you can see why the payment of points was not encouraged by lenders.  Looking at the current options, you should see where considering the payment of points could either lower your payments and save you money,   It might also llow you to purchase a little bit more expensive home if that would be your desire.  

 

Tim's Informational WebSites

All about Ohio HECM Reverse Mortgages
Rent Vs Own in Ohio     Ohio Home Loans
Ohio First Time Buyer Programs Grants    
Cleveland and Northern Ohio Realtors   
Ohio Buyers and Sellers Resources  
Information - Ohio 203K Loan

 
Fri, Dec 05, 08
Low Mortgage Rates Are Coming - Should you wait for them or Buy now?

On the Evening MyFoxNews.com news in Cleveland Ohio they reported that Low Mortgage Rates are Coming .   Here is a link to that news report.   The news report was based upon a proposal by the Federal Reserve that is described here.   The proposal is to make money available to Banks if they agree to lend the money to home buyers at a rate set by the Federal Reserve.   The article makes reference to a 4.50% - 30 year fixed rate which is quite attractive. 

Anyone that is considering purchasing a home should talk with a lender now to make sure they will be ready to make a purchase when and if that program becomes available.  Any potential buyers should also ask themself if they should wait for the prospect of that GREAT RATE or make a purchse today because it is possible today(December 5, 2008) to get a 30 fixed rate at 5.00%.

In the past it was always said that the LOCATION, LOCATION AND LOCATION were the three things that most affected the price of a home.  I understood the logic of that statement as home prices were being increasing in the past.  In the economic times of today, we need to look further into the Truer factors that affect the value of a home.   Supply and Demand were the driving factors in the past and they are still the driving forces today when it comes to home prices.   Supply is great and demand is low for the homes that are on the market.  Demand has decreased for a number of reasons and it not a part of this posting. 

Also because of liberal lending that occurred in the past housing prices rose because people looked at homes and Real Estate as investments instead of Housing for families.  

The purpose of this post is to show that it is not always best to wait for a GREAT PROPSED RATE OF 4.50%.  If we are at or near the lows that have adjusted home prices, then when consumer confidence or incentives such as this 4.50% rate come, we should see increased demand for homes.   Applying the Supply and Demand principle, when this occurs home prices are more likely to increase than Anything else.  Now look at this chart, On a $105,000 loan at 4.50% would cost you $532.02 (Principle and Interest).   If you were able to purchase the same home today with a $100,000 loan at 5.00% your payment would be $536.82.   The payments are very similar. 

Look at this chart do you want to wait and consider a purchase today.    

Loan Amount Interest Rate Monthly Payment
$100,000.00 5.00% $536.82
$101,000.00 4.50% $511.75
$102,000.00 4.50% $516.82
$103,000.00 4.50% $521.89
$104,000.00 4.50% $526.95
$105,000.00 4.50% $532.02
$106,000.00 4.50% $537.09
$107,000.00 4.50% $542.15
$108,000.00 4.50% $547.22
$109,000.00 4.50% $552.29
$110,000.00 4.50% $557.35

If you are a consumer and have considerred purchasing a home, let me know if you think it is better to find that value priced home today or wait for the Great Rates of the Future.

 
Wed, Dec 03, 08
Refinance Calculator - Does it make sense

With interest rates now being so low a number of people have asked if it is a good time to refinance.  Here is a calculator that I created to present information to homeowners to determine if refinancing made sense.  Remember this is only a tool that you can use to see if it might make sense to refinance your mortgage.   

 

 If after using this calculator, you believe it is in your best interest to refinance then call a loan officer that is authorized to do business in your state.   If in Ohio, please consider giving me a call.   If outside of Ohio consider searching ActiveRain for a Local Loan Officer.    

I also suggest that you avoid using general internet searches to find the best rates in your state.  The most common companies that you will find are Lead Generation Companies that will then sell your information to a number of lenders.  You are likely to recieve more phone calls and emails than you want. 

 

 



Mon, Nov 24, 08
FHA loans vs Conventional loans - A real comparision with 5% down

This is a great explaination as to why in more and more cases FHA is the best option for a buyer. 

Via Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages -- Mortgages :

fha

FHA loans have been more wisely used in recent months as the choice of mortgages. What I hate hearing is that they have taken the spot of the subprime loans. This is not true by any part of the imagination. This statement is from those that are inexperienced in both the mortgage and the real estate industries. The realization has been that 30% of the subprime mortgages in the last 5 years previous to the last 2 years should have been FHA mortgages, not subprime.

The subprime loan for many years could go down to a 500 credit score, depending on your equity position. But your rate was usually higher. If your score was higher, the less you needed to put down, the lower your rate. Sounds good, right?  Wrong, because the subprime rate was always higher than the FHA rates.

To compound this, so many said just because you had a conventional loan, you had the better loan. This was not always true when putting 3 percent down. In most cases, you were told this, because that particular lender was not FHA approved. Now?  Even with 10% down and credit scores less than 680, FHA loans in many cases, will be the best mortgage for you.

 

 

So you could argue the fact that this is just my opinion, that FHA mortgages in many cases would be better for you. True, even though I have over 16 years of experience as a loan officer in the mortgage industry. But numbers don't lie. Let me show you.....

The example below is based on a $300,000 purchase price with 5% down. One reason why conventional rates are a little higher in this scenario as in FHA rates is because Fannie Mae and Freddie Mac have added penalties per se. If you are putting down less than 30% and your credit score is less than 720, certain fee penalties would apply to you, which would increase your rate.  The FICO (credit score) that I am going to use is 659, which is above the average credit score and I will still show in this example that FHA loans are cheaper, even with 5% down.  

***And keep in mind, some lenders have penalties on FHA mortgages with credit scores under 620. And many lenders can't do FHA loans under 580. I can still do credit scores down to 500 with a manual underwrite.***

fha

 

 

 

 

 

 

 

 

 

 

Disclaimer :  These rates are based on today's rates for a 30 year mortgage and can change any time because of various market conditions. To compare this scenario apples to apples, the fees are the same and with zero points. In this scenario, there are no lender fees or points. The conventional rate also includes the penalty for the 659 credit score.

 

Some of you might be saying that you will be adding $4,897.00 onto your principal balance if you did the FHA mortgage because of the FHA one-time mortgage insurance premium. This is correct and I don't want to confuse you with more numbers and charts. But here is a quick breakdown. If you kept your house for 5 years, which most people sell in a 6 year period, you would have saved $12,770.40 in payments in 5 years. This is a difference of $7,773.40 that you have saved!!!   And one other thing that is very small, but still makes a difference. You will be subtracting a few more dollars per month from your principal because your interest rate is lower, which would offset the interest that you would write off on the 7.000% rate. Just something else to remember, but consult your tax consultant or CPA. 

 

 

 

 

- FHA Loans - FHA Mortgages - Conventional Loans - VA Loans -

Experience & Knowledge at its BEST !!!

 

________________________________________________________________________________________

For more information on FHA loans, please go to this link. The FHA Expert///////////////

For more information on how you can obtain your dream home, please click here : Mortgage Financing Options///////////////////////////

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags !!!!!///////////////////////////


Copyright © 2008 by Jeff Belonger



Wed, Nov 19, 08
Ohio Home Loans - 100% Financing with Rural Home Loan Program

For those that have not heard about the Ohio USDA Rural Home Loans, you may want to look at the program because it allows 100% Financing and there is no Monthly Mortgage Insurance. 

If your household income is below those shown in this table and you are considering a home purchase outside of a major metropolitan area, you should check out the Ohio USDA Rural Home Loan Program. 

In Ohio, visiting http://www.firsttimebuyers-mortgages.com for additional information.   For out of state buyers or realtors, please use the USDA link at the bottom of this page.    

Rural Home Income Limits Cleveland MSA
In order to qualify for the Rural Home Loan program your income needs to be below these income levels if the property is located in the Cleveland MSA. The Cleveland MSA covers most of the Northern Ohio market Area. 
If the property is out of the Northern Ohio Area, please call me.  I will be glad to assist you. 

Cleveland MSA
MOD.INC-GUAR.LOAN		 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50000 57150 64300 71450 77150 82900 88600 94300
Base Income Limit
for Ohio		 49550 56600 63700 70750 76400 82050 87750 93400
Some Counties have higher Limits. 
If you are above these limits you may wish to look here to see all limits.

Below is a map showing the eligible area for the Ohio Rural Home Loan Program.   Below this initial map are one for some Northern Ohio Counties.

USDA - Rural Home Northern Ohio Area OHIO

This Map shows Eligible Areas in Northern Ohio 
width=

  More information is also available at http://www.rurdev.usda.gov

The program does have an upfront Guarantee fee of 2.00%
which is very similar to the upfront fee charged on VA Loans. 



Tue, Nov 18, 08
Possible H4H Alternative for Veterans with 100% Financing

Attention Veterans -

100% Financing is still available to Veterans, also they do offer 100% Cash Out.   Here is a chart that summarizes the refinance options. 

VA Home Loan Refinance Program Comparison
 

VA Streamline Refinance

VA Cash-out Refinance
Cash-out Allowed

No

Yes
Must Credit Qualify

No

Yes
Must Income Qualify

No

Yes
Appraisal Required

No

Yes
Can Combine 1st and 2nd Mortgage

No

Yes
Maximum Loan to Value (LTV)

 No Maximum

100%
Maximum Loan Amount

$417,000

$417,000
VA Funding Fee

.5% (unless exempt)

3% (unless exempt)
Mortgage Lates Allowed In Last 12 Months

1(30 day)

0
Property Must Be Owner Occupied

No

Yes

 

Contact a local VA lender if you have any questions. 



Sat, Nov 15, 08
American Homeowner Preservation - Anyone Know about them?

Does anyone know about American Home Preservation?  The reason for my question are the two companies that are acting as the development Team.   

 

Here is their website http://www.ahpoh.org/default.asp   From the site they are a 501C3 corporation.  Here is the press release that was on Sept 19, 2008 and the Local News in Cleveland is talking about it. 

FOR IMMEDIATE RELASE
September 19, 2008

SUMMIT COUNTY PORT AUTHORITY UNANIMOUSLY APPROVES
12.5M BOND PACKAGE TO COMBAT HOUSING CRISIS

Tax-exempt bonds will fund nonprofit group providing alternative to foreclosure

(Akron, OH) -- The Summit County Port Authority voted to issue 12.5Mil in tax-exempt bonds to help citizens in the region who are facing foreclosure on their homes.

In a unanimous vote on Monday, the Authority approved the use of the bonds to help finance the work of American Homeowner Preservation Inc. ( AHP Ohio ). AHP Ohio, which is a new nonprofit organization in the state, is now accepting applications from distressed homeowners in the Summit County region who are in need of an alternative to foreclosure.

AHP Ohio's program allows qualified homeowners who are behind on payments and who owe more than their home is worth, a means of selling their homes and then leasing them back at affordable monthly payments. The program also offers participants the opportunity to repurchase their homes in three to ten years at an amount significantly less than the existing mortgage.

The AHP Ohio solution is a win for everyone, said, AHP Ohio Executive Director, Rob Fredericks. Families stay in their homes and avoid painful foreclosure proceedings, their children remain in familiar schools, and neighborhoods avoid the blight of additional foreclosed properties, he said.

The staggering number of Ohio homeowners defaulting on their mortgages has created an unprecedented housing crisis. According to RealtyTrac, Inc., Akron has the 12th highest foreclosure rate in the nation, with one in 43 households in foreclosure.
We all know the housing crisis is hurting people and communities, said Akron Mayor Donald L. Plusquellic. We welcome AHP Ohio and are pleased they are joining us and others in the effort to solve the housing crisis, said Plusquellic.

It is going to take collaboration of the nonprofit, public and private sectors to protect and preserve our neighborhoods, Plusquellic said.

The tax-exempt bonds issued by Summit County Port Authority will be underwritten by Gardnyr Michal Capital, Inc.

There are no fees or costs to apply and participate.

Those interested can attend informational sessions with AHP Ohio representatives any time between Noon - 5:30 PM on Wednesday, September 24 or Wednesday, October 1, 2008 at the Senator Oliver R. Ocasek Government Office Building in downtown Akron. Address: 161 South High Street Akron, OH 44308.

To learn more, residents can also call AHP Ohio at 330.470.4200 or visit the web site at www.ahpoh.org.

The home page of their site says

A community-based solution to reducing foreclosures in our Ohio neighborhoods

Are you one of the staggering number of Ohio homeowners at risk of defaulting on your home mortgage? An alternative to foreclosure exists that would keep you in your home, your kids in their schools and help preserve your neighborhood. American Homeowner Preservation Inc. provides at-risk homeowners with a solution that helps everyone.

American Homeowner Preservation Inc. is a nonprofit organization that provides homeowners who are behind on payments or in foreclosure a way of selling their home and then leasing it back at an affordable monthly payment. The program will also provide participants with the ability to repurchase their home in three to ten years at an amount significantly less than the existing mortgage. There are no fees or costs necessary to register and apply.

The American Homeowner Preservation Inc. solution is a win for everyone. Families stay in their homes, communities remain vibrant and lenders recover their investments.

From the site they show the Development team as

width=  Website http://www.beaconman.com/

BEACON can provide all of the services necessary to maintain your investment property.  Each account being individually tailored to our client's specific needs, we can provide as much or as little assistance as you may require. 

Our agents can help you find a home that meets your expectations. We offer homes to meet a wide variety of incomes, sizes, and tastes.We have a friendly office staff and full time maintenance persons to help you with any of your concerns. Call us to begin the search for your new home now.

width= Website http://www.gardnyrmichael.com/

GMC is a full service investment banking firm that specializes in public finance. Started in 1991, the firm has grown from two professionals to approximately twenty with offices in Alabama, Louisiana, Georgia, and Florida.
The Firm specializes in underwriting, private placement and financial Advisory work for states, cities, counties, and their authorities as well as for more specialized issuers such as 501c3 and special districts.

The firm maintains all major public finance disciplines including originations, structuring, research, sales, and underwriting. While we are not a large national firm, we are a regional firm that has grown steadily as many other firms have exited the market. Since 1991, our professionals have completed over $15 billion in public

 

 



Tue, Nov 11, 08
OHIO Home Loans - FHA 2009 Loan Limits.

FHA has issued ML08-36 (http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ ) That sets the Mortgage Limits for 2009.   The Mortgage Limits are a little less than the Temporary Increase that was made to FHA Loan Limits.  Below is a chart of the new limits that take effect January 1, 2009.  

2009 FHA LOAN LIMITS
Check for Current Limits

The Base FHA Loan Limits Effective 1-1-2009

One-family

Two-family

Three-family

Four-family

$271,050.00

$347,000.00

$419,400.00

$521,250.00

Higher Limits in the Counties Below

 

County Name

MSA Name

One-Family

Two-Family

Three-Family

Four-Family

DELAWARE

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

FAIRFIELD

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

FRANKLIN

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

LICKING

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

MADISON

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

MORROW

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

PICKAWAY

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

UNION

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

All Other

All Other Counties

$271,050

$347,000

$419,400

$521,250

PLEASE NOTE: This notice is accurate as of the date of printing, however, we reserve the right to make subsequent changes at any time with regard to any matter covered in this notice as a result of a change in policy, law regulation or otherwise.

Because FHA is one of the most popular programs today for buyers with less than 10% down this change may affect some of the borrowers you are working with.   

These new limits will also apply to Ohio 203K Loans and Ohio Reverse Mortgages.    



Thu, Nov 06, 08
HECM Reverse Mortgage New Loan Limits and Modifies Origination Fees

 Below are links to two Mortgagee Letters regarding HECM Reverse Mortgages that were just issued.   Click on the links to view the entire Mortgagee Letter or call your local Reverse Mortgage Lender.   

08-35 HECM Mortgage Limits 

The Housing and Economic Recovery Act of 2008 (HERA) established a national mortgage limit for all Home Equity Conversion Mortgages (HECM), insured under Section 255 of the National Housing Act, to be set in conformance with section 305(a)(2) of the Federal Housing Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)).  Effective for all HECMs insured on or after the date of this Mortgagee Letter, the national mortgage limit is $417,000. 
08-34 HECM Origination Fee 

The Housing and Economic Recovery Act of 2008 established new limits on the loan origination fee that may be charged for a Federal Housing Administration (FHA) Home Equity Conversion Mortgage (HECM).  Therefore, for all HECMs where the FHA case number is assigned on or after the date of this mortgagee letter, the loan origination fee limit will be the greater of $2,500 or two percent of the maximum claim amount of the mortgage, up to a maximum claim amount (MCA) of $200,000, plus one percent of any portion of the maximum claim amount that is greater than $200,000.  Lenders may accept a lower origination fee when appropriate.  The total amount of the loan origination fee may not exceed $6,000.   

All about Ohio HECM Reverse Mortgages 

Download Quick Reference
TriFold Reverse Mortgage Brochure

The following is a short description of HECM Reverse Mortgages.

What is a HECM Plan?
A HECM Plan is a special type of Plan that enables Seniors to tap into the equity in their home and receive cash, a tax-free monthly income, and/or a line of credit, or combinations of these. There are no income, asset or credit qualifications and there are no monthly payments to make. The Plan is not repaid until the Seniors permanently leave their home. Reverse Mortgage of America's HECM Plans are backed by the U.S. Government (HUD/FHA) and Seattle Mortgage a 62 year old major financial institution.

How Do I Qualify?
A HECM Plan is easy to obtain, provided that: (1) The Seniors (and/or their spouse) one of them is at least 62 years of age or older. (2) they occupy the home as their primary residence, and (3) they have equity in their home (proceeds of the reverse mortgage can be used to pay off existing liens or mortgages.)

What Can I Do With the Money?
The Senior can use the money (and are entitled to) from their HECM Plan in any way they choose. For instance:

  • Supplement their income

  • Home improvements

  • Pay off a current mortgage

  • Medical expenses

  • Pay off debt

  • Buy a new car

  • Travel

  • College tuition or gifts to family

  • or even stop a foreclosure.

The possibilities are endless. And, the funds are all tax-free.

How Much Money Can I Receive?
The amount of money you receive from a HECM Plan is determined by the home value, the number and age of the homeowner(s) and the current interest rate from HUD. A representative from Reverse Mortgage of America will assist in evaluating their options and calculating the maximum amount of money that will be available to them.

How Do I Receive My Money?
With a HECM Plan, the Senior has five (5) payment options to choose from:

(1) Tenure Option or Lifetime Payment - Receive equal monthly payments for as long asthey occupy their home as their primary residence
(2) Line of Credit - Draw cash from their HECM Plan whenever and in whatever amount their choose up to the available limit. Interest is only charged on the funds drawn from the line of credit.
(3) Lump Sum Cash Advance - They can receive all of their money in a lump sum upon the closing of the HECM Plan.
(4) Modified Tenure - Set aside a portion of the loan proceeds as a line of credit in addition to monthly payments.
(5) Term - Receive equal monthly payments for a fixed period of time they select. For instance - five (5) or ten (10) years.

Download Quick Reference
TriFold Reverse Mortgage Brochure



Thu, Nov 06, 08
To Have No Regrets!

Thanks for the insights and giving us something to think about today.

Via Coach Patti Kouri:

OlderOlderRecently I asked a group of people over 65, If you could live your life over, what would you do differently? There were three answers:

  • I’d take the time to stop and ask the big questions.
  • I’d be more courageous and take more risks in work and in love.
  • I’d try to live with purpose - to make a difference.”

What if there was no such thing as fear, what would you be doing today? How would you be living – or doing business – differently?

FearYou aren’t afraid of what you think you are afraid of.
You are afraid of what you think.

 In reality, the only thing that prevents us from succeeding is…ourselves! We are excellent at procrastinating and not asking for what we want or need. And having sabotaged ourselves, we use excuses and blame for not creating the behavior or not taking the action necessary to learn and move forward. As Pogo said, We have met the enemy, and he is us. By allowing ourselves to be fearful, we set ourselves up for future regrets.

What can we do? We can start by recognizing what the enemy looks like – the 10 most common fears that control people:

  1. FailureFear of failing   Some people would rather do nothing then risk looking bad, making a mistake or not completing what they start. Perfectionists fall into this category. Growth and true learning are frozen because of this fear.
  2. Fear of success  This fear is a little more subtle. To many people success means more stress, pressure, work, responsibility, attention, etc., rather than ongoing fulfillment and satisfaction.
  3. Fear of rejection For many people this is the #1 fear in their life. They don’t understand that it’s not the rejection that matters, but the understanding that there will always be differences and preferences in life between people and ideas. What does matter is how we learn from, and deal with, and respond to the rejection in a healthy positive manner.
  4. CrystalFear of the unknown  We have the highest rate of poverty, physical, sexual, verbal, and emotional abuse in the history of this country. Yet we also have the lowest rate of taking positive healthy action to stop or correct these circumstances. Why? Because most people would rather live with, and deal with, what they have and know now, than to take a risk with the unknown.
  5. Fear of change  This is a sister fear of the fear of the unknown. Most people talk about changing but few do it. It is not easy to acknowledge that something is wrong or not working in their lives, and they don’t like feeling clumsy or embarrassed at not doing something new perfectly.
  6. WindsFear of intimacy  Many people equate intimacy with sex. Wrong! In fact, many people use sex to avoid intimacy. True intimacy is the ability to openly express and communicate lovingly, honestly and unconditionally to those who are important in one's life, community, and work. This kind of communication is vital if one wants to learn to be a tolerant, non-judgmental person who respects the needs and wants of those people in their lives.
  7. Fear of expression  This fear prevents people from experiencing real creativity. It also prevents good, clear honest communication. Lack of expressing true feelings has ruined so many personal, professional, and business relationships. The challenge to many is to discover how one really feels and then to communicate those feelings in an effective, non-abusive manner.
  8. AloneFear of abandonment  This fear keeps people in relationships or jobs that are not nurturing, healthy and supportive. They would rather be miserable and suffer in their current situation than be alone and unwanted or unneeded. Even so, they feel no “real” connectedness socially or spiritually.
  9. Fear of emotional pain  Most people will do almost anything to avoid “feeling the pain.” We live in a society that incessantly promotes taking drugs, legal or illegal, as well as alcohol or food to avoid feeling emotional pain. Not dealing with this pain it will eventually bring on even more of life’s painful lessons, both personally and professionally.
  10. Fear of taking risk  This fear keeps 80% of our workforce in their place, even though they wake up every morning hating their jobs, bosses, careers or professions. Their work environment is negative and debilitating. Their superiors give only lip service to change and innovation. Yet these people will not take a chance on themselves for fear of being judged a failure!

That's a lot of fearfulness…but it's not permanent. Every one of us has the ability to break away from the fears that hold us back from growing and achieving. We do not have to reach a point in our lives that is shadowed by regret for what we did not do.

What are the strategies that will take you out of fear and into the future? That's the subject next time, so stay tuned….

Coach Patti

Patti Kouri, Accelerated Performance Coaching
Helping You Through Self-Made Limitations! 

Take control of your Life and Business, and create extraordinary results.
Join a select group of real estate professionals at
Coach Patti's Annual Jump Start Workshop, November 14-16, 2008
With special guest speaker, Floyd Wickman.
Reserve your seat today!


 



Questions, comments, or suggestions?
Please contact us:
American Midwest Mortgage Corp.
Telephone: 216-324-8113

Updated
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Ohio Home Loans     All about Ohio HECM Reverse Mortgages     Rent Vs Own in Ohio
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